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771 Yonge Condos just north of Bloor, a slender 49-storey residential tower to rise immediately across Asquith Avenue from the Toronto Reference Library.

Located at the southeast corner of Yonge and Asquith, the Wallman Architects-designed tower would see the heritage building at 771 Yonge retained and restored, with the residential entrance—and new retail—fronting Asquith Avenue. The 322-unit tower would rise to a height of 154.1 metres, with a 7.0 metre mechanical penthouse taking the total height to 161.1 metres. Proposed unit configurations would see the project add 46 bachelor, 92 one bedroom, 92 one bedroom + den, 46 two-bedroom, and 46 two-bedroom + den, suites to the market.

With a floorplate of 493 m², the point tower's slim form is—according to the Planning & Urban Design Rationale provided by Bousfields Inc.—"substantially lower than the recommended standard of 750 m²." Set atop a three-storey podium, the tower would be set back 10 metres from the west property line at Yonge, and approximately 4.5 and 4 metres from the north and east property lines respectively.

Due to the relatively small footprint (954.4 m²) of the site, the separation between the new tower and the 34-storey Hudson Bay building to the south would only be 10 metres. (The new development would share a wall with the former Alfred Britnell Bookstore—now a Starbucks—at 665 Yonge, which would effectively be tucked between the two high-rise towers.) With the City of Toronto's Tall Building Guidelines setting out an optimal tower separation of 25 metres, the site's very tight configuration could prove a contentious issue in the approvals process.

In terms of height, the site sits just north of the Yonge-Bloor "height peak" set out in Area Specific Policy 211. Located in the "height ridge" that surrounds the intersection itself, the 49-storey tower would rise above the 132-metre 2 Bloor East to the south.

The second floor of the restored heritage structure at 771 Yonge would house some of the residential amenities, which would also be spread out across the third floor of the podium. Of the total 23,636 m² GFA proposed, 188 m² would also be given over to new retail fronting Asquith Avenue, while 132 m² of existing floor area is slated to be retained for a total of 320 m² of non-residential GFA. In total, the new density proposed is 24.8 times the size of the lot.

No automobile parking is planned for the development, while a total of 330 bicycle spaces are proposed, meeting the City's minimum requirement of a 1/1 ratio of units and bicycle spots. Below grade, a single underground level would provide a direct connection to the Hudson Bay complex to the south. The project also includes landscaping by the NAK Design Group, with outdoor greenery seen above the second level.

Given the early stage of these plans, the proposal is subject to potential significant change as the approvals process unfolds. We will keep you updated as new information continues to become available. Please Register to received more updated news.

771 Yonge Condos has a Walk Score of 100 out of 100. Transit Score if 97 out of 100. his location is in the Annex neighborhood in Toronto. Nearby parks include Harold Town Park, Asquith Green and George Hislop Park.

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